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Announced

Completed

HeidelbergCement completed the investment in Giatec Scientific.

Synopsis

HeidelbergCement, an integrated manufacturers of building materials and solutions, with market positions in aggregates, cement, and ready-mixed concrete, completed the investment in Giatec Scientific, a developer and manufacturer of nondestructive testing quality control and condition assessment devices for the construction industry. Financial terms were not disclosed. Giatec’s suite of proprietary smart sensors helps with accurate monitoring of concrete throughout its lifecycle, all the way from production to delivery and placement. Combined with sophisticated AI algorithms, which learn continuously from past and present data sets, the real-time sensor data enables concrete producers to optimise concrete mixes, with up to 20% cement reduction in certain applications. At construction sites, the data helps contractors build faster, more safely, more economically, and – most importantly – significantly more sustainable.

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